[Brexit] Post offer renegotiate

lookstraightahead

So op, any outcome?

ACG

Crashy_Time wrote: »

https://www.theguardian.com/money/2019/jan/20/brexit-gloom-property-mortgage-rates-cut


Looks like you are not representative of the wider market?

This just says lenders have reduced their rates to try and fill their boots?

Do you not actually think this agrees with my post? Lenders lowering rates to try and get business on the books? Lower rates means more enquiries and more enquiries means more...business. Which is exactly what I have said is happening.

Go and find another story to back up your thoughts and ignore the ones that disagree with you like these...
https://www.theguardian.com/money/2019/jan/08/uk-house-prices-rise-halifax-brexit
https://www.bbc.co.uk/news/business-46748966 (whilst this says they increased at their slowest rate, they still increased)
https://www.dunfermlinepress.com/news/17361258.dunfermline-house-prices-rise-by-9/

You can find negative articles, I can find positive.

It is pretty clear there is a north south divide happening at the minute which is no huge surprise since London and the south east had a lost of investment from people abroad.

When making posts, why not try to do it on a level footing rather than having your typical blinkered view. .

Crashy_Time

ACG wrote: »

This just says lenders have reduced their rates to try and fill their boots?

Do you not actually think this agrees with my post? Lenders lowering rates to try and get business on the books? Lower rates means more enquiries and more enquiries means more...business. Which is exactly what I have said is happening.

Go and find another story to back up your thoughts and ignore the ones that disagree with you like these...
https://www.theguardian.com/money/2019/jan/08/uk-house-prices-rise-halifax-brexit
https://www.bbc.co.uk/news/business-46748966 (whilst this says they increased at their slowest rate, they still increased)
https://www.dunfermlinepress.com/news/17361258.dunfermline-house-prices-rise-by-9/

You can find negative articles, I can find positive.

It is pretty clear there is a north south divide happening at the minute which is no huge surprise since London and the south east had a lost of investment from people abroad.

When making posts, why not try to do it on a level footing rather than having your typical blinkered view. .

So you think stats from a mortgage lender that say taking out mortgage debt is still a good idea (because the thing you are borrowing for is still going up in price, just, maybe if you ignore that the chances of selling at that price are getting less and less all the time as the market corrects itself) are "Un-Blinkered"??


I posted links recently that say that house prices are falling if you take inflation into account, and that demand from the public for credit card and mortgage debt is way down. I don`t need to re-post them because people can see theses stories all over the media all the time now anyway. I do find it strange though that people still try to argue and back up with links the idea that high house prices are still here, and that that is somehow a good thing?

Goldust

Hi,


As per some of my other posts and comments recently, we're moving in with family members while waiting for our house to be build which is likely to be around 6-9 months.


I've priced up solicitors online and have seen many come with a "no sell, no cost" guarantee.


In the current climate with possible swings in house prices and Brexit uncertainty I'm particularly interested in this kind of deal as it minimises any waste if a buyer pulls out or tries to lowball me once an offer has been accepted.


Is this wise? What's the best approach here? House is going on the market next week hopefully.

lookstraightahead

Goldust wrote: »

Hi,


As per some of my other posts and comments recently, we're moving in with family members while waiting for our house to be build which is likely to be around 6-9 months.


I've priced up solicitors online and have seen many come with a "no sell, no cost" guarantee.


In the current climate with possible swings in house prices and Brexit uncertainty I'm particularly interested in this kind of deal as it minimises any waste if a buyer pulls out or tries to lowball me once an offer has been accepted.


Is this wise? What's the best approach here? House is going on the market next week hopefully.

Best to start your own thread

ACG

Crashy_Time wrote: »

So you think stats from a mortgage lender that say taking out mortgage debt is still a good idea (because the thing you are borrowing for is still going up in price, just, maybe if you ignore that the chances of selling at that price are getting less and less all the time as the market corrects itself) are "Un-Blinkered"??


I posted links recently that say that house prices are falling if you take inflation into account, and that demand from the public for credit card and mortgage debt is way down. I don`t need to re-post them because people can see theses stories all over the media all the time now anyway. I do find it strange though that people still try to argue and back up with links the idea that high house prices are still here, and that that is somehow a good thing?

You are looking at a house as an investment.
I have owned 2 homes and both mortgages were half what it would cost to rent the same property.

If something goes wrong, I get it fixed. If I want to hang a picture, I hang one. If I want to decorate I decorate. The same can not usually be said if you are renting. Landlords are not always the quickest at sorting out other peoples problems or allowing alterations to be made to the property. There is more to owning a home than investment.

If house prices plummet, do you think funding for houses will be as readily available? Be careful what you wish for.

House prices overall are not doing too badly considering what is happening in the wider economy. You can still earn more money from property price rises than you can from leaving it in the bank.

I have not changed my view, you are picking the headlines that suit your argument an ignoring the rest. I am well aware there are places losing value, but in the main those are places like London/SE and places heavily reliant on foreign investment/foreign workers. But at least I acknowledge it in my posts. If anyone read your posts then they would be of the sole view that house prices will be worthless in 6 months by which point they may have actually gone up.

Crashy_Time

ACG wrote: »

You are looking at a house as an investment.
I have owned 2 homes and both mortgages were half what it would cost to rent the same property.

If something goes wrong, I get it fixed. If I want to hang a picture, I hang one. If I want to decorate I decorate. The same can not usually be said if you are renting. Landlords are not always the quickest at sorting out other peoples problems or allowing alterations to be made to the property. There is more to owning a home than investment.

If house prices plummet, do you think funding for houses will be as readily available? Be careful what you wish for.

House prices overall are not doing too badly considering what is happening in the wider economy. You can still earn more money from property price rises than you can from leaving it in the bank.

I have not changed my view, you are picking the headlines that suit your argument an ignoring the rest. I am well aware there are places losing value, but in the main those are places like London/SE and places heavily reliant on foreign investment/foreign workers. But at least I acknowledge it in my posts. If anyone read your posts then they would be of the sole view that house prices will be worthless in 6 months by which point they may have actually gone up.

In a rental if something goes wrong the landlord gets it fixed, and most are compliant with their legal obligations, the massive majority are IMO.


Do you really think that after the scale of bailouts and QE that we have seen over the last few years that banks won`t lend to credit worthy borrowers for property in a crash? What scale of a crash do you think it would take for borrowing to dry up?